Fort L.P. Boosts Stake in DXC Technology Co (DXC)

Fort L.P. lifted its position in DXC Technology Co (NYSE:DXC) by 35.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,308 shares of the company’s stock after buying an additional 3,510 shares during the period. Fort L.P.’s holdings in DXC Technology were worth $708,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SOL Capital Management CO raised its position in shares of DXC Technology by 2.6% during the fourth quarter. SOL Capital Management CO now owns 6,792 shares of the company’s stock worth $361,000 after purchasing an additional 174 shares during the period. FTB Advisors Inc. raised its position in shares of DXC Technology by 17.7% during the fourth quarter. FTB Advisors Inc. now owns 1,673 shares of the company’s stock worth $87,000 after purchasing an additional 252 shares during the period. Strategic Wealth Partners Ltd. raised its position in shares of DXC Technology by 3,925.0% during the third quarter. Strategic Wealth Partners Ltd. now owns 322 shares of the company’s stock worth $30,000 after purchasing an additional 314 shares during the period. Cypress Capital Management LLC raised its position in shares of DXC Technology by 0.8% during the fourth quarter. Cypress Capital Management LLC now owns 39,303 shares of the company’s stock worth $2,090,000 after purchasing an additional 328 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of DXC Technology by 148.9% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 585 shares of the company’s stock worth $31,000 after purchasing an additional 350 shares during the period. 84.12% of the stock is currently owned by institutional investors.

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NYSE:DXC opened at $65.32 on Friday. The firm has a market cap of $17.58 billion, a P/E ratio of 8.23, a price-to-earnings-growth ratio of 1.20 and a beta of 1.54. DXC Technology Co has a 1-year low of $49.19 and a 1-year high of $107.85. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

DXC Technology (NYSE:DXC) last issued its earnings results on Thursday, February 7th. The company reported $2.23 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.19. DXC Technology had a return on equity of 19.78% and a net margin of 7.09%. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the company posted $1.86 earnings per share. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts predict that DXC Technology Co will post 8.24 EPS for the current year.

Several research firms recently weighed in on DXC. Cowen raised DXC Technology from a “market perform” rating to an “outperform” rating in a research report on Monday, November 26th. Cantor Fitzgerald reissued a “hold” rating and set a $70.00 price target on shares of DXC Technology in a research report on Monday, January 7th. BMO Capital Markets reissued a “buy” rating and set a $85.00 price target on shares of DXC Technology in a research report on Monday, January 7th. SunTrust Banks lowered DXC Technology from a “buy” rating to a “hold” rating in a research report on Tuesday, January 8th. Finally, Zacks Investment Research raised DXC Technology from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. DXC Technology currently has a consensus rating of “Buy” and an average price target of $91.42.

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DXC Technology Company Profile

DXC Technology Company, together with its subsidiaries, provides information technology services and solutions primarily in North America, Europe, Asia, and Australia. It operates through three segments: Global Business Services (GBS), Global Infrastructure Services (GIS), and United States Public Sector (USPS).